Louis Chenevert Continues His Winning Ways
Hailing from Canada, Louis Chenevert is one of the most highly regarded businessmen in the world today. After graduating from HEC Montreal where he received a degree in production management, Louis Chenevert went on to create one of the most successful careers of any modern day businessman, even flourishing under the extreme conditions of a U.S. market on the downturn. Because of his nearly innumerable accomplishments, Louis Chenevert has received a multitude of awards and recognitions, including being named the Man of the Year by Aviation Week and Space Technology, as well as garnering an honorary doctorate degree from his alma mater, HEC Montreal, in recent years.
It was in 1999 that Louis Chenevert became the President of Pratt and Whitney; a subsidiary of United Technologies Corporation, for which he would become the Chairman and Chief Executive Officer after seven years with the company. After resigning from United Technologies Corporation in December of 2014, Louis Chenevert decided to take a position with Goldman Sachs in their Merchant Banking Division, where he would be in charge of seeking new investment opportunities regarding aerospace, as well as the industrial sector. Although Louis Chenevert has left a large footprint in every corporation that he has been involved with, it was during his time as the Chairman and Chief Executive Officer that he showed his grit, heading a company that would flourish under some of the most trying economic times in recent United States history. In times of war, the United States, as well as many other economically prosperous countries around the world, have shown a tradition of failing or substantially downsizing. Despite these uncontrollable factors, Louis Chenevert kept United Technologies Corporation afloat, while also creating conditions for which the company could be significantly prosperous. During this time, Louis Chenevert completed a series of transactions that would allow United Technologies Corporation to transition from a terrible stock price of $37 to a far more profitable number of $117. Louis Chenevert’s tenure with United Technologies Corporation was very fruitful to say the least, creating a trend of consistent turnover for nearly every sector belonging to the United Technologies Corporation umbrella.